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20121206
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Search Results 0 to 21 of about 22 (some duplicates have been removed)
. as more do, it will create an environment for us to reach an agreement. we need the same willingness to step 4 on the left to be able to meet in this room at the table or wherever the room maybe and to come to an agreement that will lead us forward. one thing i am hoping for is if we can reach an agreement, in principle before the end of the year, then implement it, i believe this is what many have been waiting for to launch a more spirited recovery. if we get this done, if we have a credible $4 trillion deficit reduction plan signed and sealed, signed by the president, what does that say to the rest of the world? many economies in europe and other places are struggling, but ours will be the strongest in the world in terms of the future. it takes a lot of hard work but it is worth the effort. all will prosper. saturday night, my wife and i went to see a movie by spielberg. about another gentleman who lived in illinois for a while named abraham lincoln. toward the end of the movie, daniel day-lewis was sitting across from confederates and there was talk about what the war was all abou
people and used it for y2k and there are control freaks on the environment. >> have you noticed even in your intro, you heard them citing one scientist. it's never a collection of scientists, never a consensus of scientists, it's always they're referencing of one particular scientists. >> and in fact, it almost is always a consensus of scientists. in this case, one person they were quoting. with all due respect to you, ben, as you like to say, i'll go with the scientists over your opinion on global warming, this is someone who studies it for a living. >> and there are many who have a very different point of view. >> there are a million of people who study it. >> adam, the consensus has not been met among scientists on this issue or that it actually plays a part in the global warming phenomenon they've come up with somehow, so you should probably know that there is not a collective viewpoint. >> and whether there is or not. i think you want to make 100% sure before you plunk down to address something. >> and that's what i worry about. >> i don't want to be like the outsider here. >> g
appealed to him, and they didn't now. finding neither subjects nor an artistic environment that suited him, he left london and traveled 275 miles to the north. he settled in the small fishing village of cullercoats on the north sea and rented a studio two houses from the rescue station, overlooking the beach. here was his first encounter with the wild and elemental forces of nature. the rhythm of life in cullercoats was termined by the fishing boats, which set out at dusk and returned in the morning. gradually, homer began to replace descriptive detail with the concentrated drama of individuals bent on the task of survival in a rugged environment. although he had intended to stay in cullercoats only for the summer, he remained almost two years. in october, he watched the life brigade rescue the crew of a wrecked ship-- the iron crown. he sketched the scene from the beach and later painted one of his largest and most ambitious watercolors. at cullercoats, homer's works took on a new monumentality. in the lives of the fisherwomen, he perceived both the gravity of the human condition and the
in this new environment that we find ourselves in post-election and particularly with respect to the susan rice piece which is -- ha, gender, all these little sexy pieces to it, how do republicans that you're hearing see that? >> it's interesting. i was talking amazingly to more democrats yesterday. they said we just want to have a fight on the floor. we just don't want to have this thing where you can stick something and say i've got a hold on it and nothing happens. we want the american people to have to actually watch. if they don't want susan rice, let them stand on the floor and actually have to talk about it so that the world will see it. and then the people can judge. but it's not like that now. you just stick something in a closet. >> so what's the possibility of their actually being filibuster reform? this comes up after every election cycle. what's so special about now that makes it possible that the republicans and democrats will come together and do this? >> i think there's so much pressure on harry reid to do something. he can do it by himself with his own party's votes. if he
, the ryan airs, who continue to take market share and operate in a more difficult economic environment much more so than the flag carriers. however starting to look at the flag carriers again, in particular lufthansa. the iberian side of it will drag earnings down for quite a long time. air france still has significant employment issues. and if you're looking for a relatively undervalued, company which is taking itself and do significant cost cutting which i think it will bring through, you have conglomerate discounted lufthansa. it makes it a more interesting stock. >> at a time when europe doesn't have a lot of demand strength, if we're talking about reducing capacity, that means higher ticket prices and perhaps germany being one place where businesses can afford to pay up. >> i think that it's an element of probably relatively small part of overall. these are global businesses. they need to have global growth. but that is an interesting point for next year. >>'s most important for global demand then? >> with airlines it's about oil prices, in terms of capacity and reduced capacity. and i
. at least we see a deterioration in either the global environment or at least we see domestic growth really fall off from here. as the rba made the point and one that we agree with is that there's still time for these rate cuts which we've had delivered to pass through to the economy itself. we know monetary policy takes between one and two years to have an effect. >> what if on the contrary we get better growth out of china and we see commodity prices go up again and now when we've already had all these rate cuts, is there a risk then to inflation for the country? >> i think there is. that was one thing that the rba pointed to in the november statement, then worried that underlying inflation had ticked up towards the middle of the 2% to 3% target. i think from here, if we do get a scenario like that where the u.s. fiscal issues are resolved, i think the statement the rb after the has given us today probably puts them in a good position to be able to move policy higher if they have to next year in response to higher inflation. >> so what happens to the aussie dollar now? >> well, as i said,
a comfortable listening environment with high ambient noise. they also offer a cable with a microphone and controller and also music. go to www.kron4.com and 'enter to win'.... now for today's market update... some good news on wall street.. as stocks end the day higher on news that lawmakers are possibly inching towards a deal to avoid a fiscal crisis at the end of the year. the dow gained more than 100- points to close just shy of 13-thousand. the nasdaq jumped up 24-points. and the s-and-p-500 rose 11 points. >> betty white is putting herself up on the auction block. she is a supporter for animal rights it begins on monday. a scuffle breaks out at an n-b-a game. gary shows you ahead plus - 49ers coach jim harbaugh really. has two starting quarterbacks. gary has those stories, and all the sports, next (car horn) paying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly to anyone's checking account. i guess he's a kicker... again, again! oh, no you don't! take a step forward and chase what matters. ♪ you can
remember to put money to work. in an environment where not people put money to work and people aren't doing anything, you get an influx of retail money. you have to commit that money to your retirement and to your kids. >> interesting. >> it's a big difference. >> btig has a note on seasonality regarding the end of the year and even december '08 was positive. how resilient the month of december is. >> funny you mention that. that was such a false tell. we thought maybe things had bottomed and then just off a cliff, not fiscal but stock right after that. it's a great note. >> meantime, as we await the opening bell this morning, we'll look at the s&p 500 at the realtime exchange on the top of your screen. big board here. >> there's the bell over at the nasdaq today, sears holdings and st. jude's children's research hospital celebrating the st. jude thanks and giving campaign. lead story involves delta and talks they say to acquire from singapore some stakes in virgin atlanta. >> we'll see what happens. they have been active. the one people are more focused on is american airlines in bankruptc
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to meet. they don't meet. so, are you worried that environment makes things so dicey that no deal is done and if it is done, it it is a bad d. >>guest: i am worried. the so-called fiscal cliff was put in law because it was stuff that would be so unacceptable congress would never let it happen, enormous tax increases, grotesque cuts in spending but here we, it is in the law. congress does nothing which congress is good at doing and go over the cliff and some want to see that happen because then the crisis will generate the kind of bipartisan agreement we need but that is irresponsible. >>neil: it is looking more likely. then who picks up the pieces? >>guest: the country suffers. i don't think anyone gains politically. you know that almost everyone here in both parties will tell you if you talk to them privately, this ends with entitlement reform. not cutting programs like medicare but slowing down the growth in the programs because they are the big drivers of the deficit and raising more out of the revenue, out of the tax system. whether you call iterates or reform over whatever you call i
blamed no matter what they do. that's political environment. they might as well embrace the fiscal cliff. >> you heard peter difazio saying earlier in the program, democrat, go off the cliff, there is no cliff. no problem. >> folks on both sides. look, there's not a clip there and they're going to play chicken and go off. >> and then you're road kill at the bottom. >> that's exactly right. most folks are saying since the economy's improving, congress, don't screw it up and you get some folks on the far left and far right, there's no cliff, don't worry about this. we're after the election, this isn't an id lodgical debating society. this is about getting something done. let's work on a short-term deal. >> the deal that's there, we're in this situation because congress came up with what they're calling the fiscal cliff now and they're calling it the fiscal cliff because they don't want to e embrace either the tax increases or spending cuts and i think it's foolish to think this congress can come up with a better deal. >> you know what's interesting, to eric's point, there is a great irony
environments, a whole host of reforms that need to be undertaken. i think the government is starting to make moves in this direction, which is good. but these reforms have been taking a long time to take hold. and we're not going to see an immediate difference. >> how much does brazil suffer if the fact that argentina is itself suffering so much? is there a lack of potential opportunity maybe in the export markets for some of its neighbors that is part of the issue? >> there's part of the issue. ironically, i think argentina suffers more from the fact that brazil has been basically flat lining the past 12 months and that's exacerbated problems in argentina's own growth model. brazil is not so particular an open economy. it only exports around 15% of gdp. so it's not a very open economy. and actually, a lot of these problems are more domestic than they are external. >> that's a fascinating point. i want to come back to you in a second. in egypt, tens of thousands have taken to the streets of cairo last night to protest against the decree by the egyptian president mohamed morsi that grants him
. they could greatly benefit first maintaining a growth friendly business environment, and they could greatly benefit from reinventing their production structure, upgrading quality, and redistricting their exports towards strongly growing markets. innovation is crucial in this respect. this means for a start that where profit margins are restored, they should serve to fund research and development to higher extent. but innovation potential is not always translated into actual marketable employment creating and growth sustaining innovation. what is key in translating potential is the regime of economic incentives. and it is indeed this system of economic incentives that the current waiver of structural reforms in the euro area is addressing. central challenge is to set conditions so that the skills of the labor force especially of our young people can be profitably employed in competitive firms or in the new enterprises that will go on to set up. in this vain, removing rigidity clearly races the potential for growth and job creation. and this of course, the resumption of growth, is fundamental
that are on average 11.1 years of age that are really driving car sales. in this low interest rate environment, this is the other big ticket item. >> how are people going to fund their purchases? you have an 11-year-old car, how are they funding the replacement of it? >> well, the availability of credit has improved dramatically over the last eight months or so. and we're even seeing people with bumps in their credit history, subprime borrowers, getting more acceptances of their car loans. and of course there are a lot of incentivized interest rates from the manufacturer's financing arms out there, as well. the overall softness in the european market and with japan in recession, we think we'll see likely more incentives from manufacture are ers for customer the coming months because they have capacity they're not using for those other market. so they will be targeting this u.s. market and the consumer is in a pretty good mood. part of that we believe is the stabilization of home prices which is the basic net egg for most middle class americans. >> it would seem whatever's going on where you ar
'll get. >> you know what, i think the environment, as you look out to next year, is really difficult, ross. i mean, you don't really know what is going to come out of the u.s. fiscal cliff, how damaging potentially that can be to u.s. confidence, u.s. activity. things seem to be holding up fairly well in china. but i think there is still going to be some concerns about the whole performance of the asian economy and whether that can actually pick up next year. and then, of course, in the eurozone itself, we seem to be mending the problems progressively and taking out the tail risks, which i think is good and that is the bottom line that investors should take going further forward, but at the same time, there are some elements that you can have. if you do a forecast, in a way you could come up with something like 1% quotes for next year, but at the same time, you have to be conscious that we've had such a battery of downside impact, downside negative news coming through really for all economists in the western world in the last few years. you have to be very cognizant of those. >> i th
every year. you propose to raise taxes in that environment and you're not going to get growth. >> don't you understand you need to off set-- if you're serious about debt reduction, i think you are, don't you understand you need revenue and spending cuts. stuart: and how do you get revenues. >> how. >> please, go ahead, go ahead. stuart: it's easy you lower tax rates and keep incentive to work harder. >> we've tried that. stuart: and you can't-- what. >> george bush tried that. look at the deficit we had. stuart: well, wait a minute you cannot rewrite economic history. after george bush lowered tax rates the return to the treasury, the money coming into the treasury went way up and the deficit, by the way, in 2007 was 167 billion dollars. >> so. stuart: president obama has got, 167 billion a month just about. don't rewrite economic history, julie. >> i'm not rewriting economic history. stuart: you are. >> i'm not-- >> i'm telling you if you lower tax rates you'll get more revenue. >> that's how do you it. >> i think history showed whether it's ronald reagan or-- >> ronald reagan, georg
. this fuel is lauded as great for the environment and a good thing. some manufacture you ares are saying guess what, it will void your warranty if you use this fuel in certain cars . what do you make of this whole thing? >> melissa, what happened this is good example where the government mandates picking winners and losers and forcing decisions on the part of consumers which could be harmful to consumers. comment by aaa coming out to say the decision to allow for e15 blend or 15% of their gasoline to be derived from biofuels, in this case ethanol, the auto manufacturers have said they will not honor their warranties if people use this fuel which is potentially harmful to their engines. the automakers researched this. melissa: it is amazing because they say i void your warranty. >> yeah. melissa: can you imagine you buy the fuel and put it among the manufacturers, chrysler, gm, toyota, especially in older vehicles and look at your manufacturers website if you're in this group, what happens with the e15 the fuel separates and ethanol in there is highly corrosive to your engine. is this new
environment again and really if you look at the economy, we're probably going back to the '90 style economy where you had 3%, 3.5% was really good growth. 2% growth which we're experiencing right now is pretty good. full employment might be 5.5, 6% like the old days. and i think with that being said, we've got to to get a little bit closer to those numbers to really have the economy start to take off. and i don't think we're that far in there. >> any much those numbers we would take. i don't know whether we are or not. wishful thinking for cantor. certainly would help you guys. why didn't you like fighting irish? >> they were on tv every week when i was a child and i'd like to see alabama win. >> alabama won last year. >> that's okay. all right. thank you. see you later. >>> in fact in some of the squawk sports news this morning, dallas beating philadelphia in sunday night nfl game. 38-33. tony romo threw three touchdown passes to break troy aikman's career franchise record. and the jets beat the cardinals 7-6. new york scoring the lone touchdown after mark sanchez was benched with tim tebo
Search Results 0 to 21 of about 22 (some duplicates have been removed)

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